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Grand Coast Capital Group recently financed an experienced commercial developer/operator out of Rochester, NY.  The $3.8M loan was used to refinance existing debt and complete renovations on a 27k SF four story mixed-use property in downtown Rochester.  The first and second floors are 75% occupied with retail and office tenants.  The borrower is in the process of redeveloping the third and fourth floor shell space into 14 loft style apartments. Please reach out to Matt DiVito (mdivito@grandcoastcapital.com or D: 857-403-1726), Grand Coast Capital Group’s VP of acquisitions if you would like to learn more about this deal or discuss a project

In January, Grand Coast Capital financed an experienced local operator in Maine under our commercial lending program. The project, a nearly complete 42,000 SF mixed use development, was compelling for a number of reasons, including the sponsors track record at the site, the historic nature of the building and the progress made to-date on the renovation. The $4,000,000 in proceeds will be used to refinancing existing debt, execute on tax credits and complete construction on a 25 unit apartment building that occupies the top three floors of the building. Interestingly, the project and renovations were accepted by the National Park

Over the past 3 years Walt and Scott McGill have purchased over 20 rehab properties, partnering with Grand Coast Capital Group (“GCCG”) as the funding source for over half of those transactions. They find the expert deal guidance and surety of close offered by the team at Grand Coast to be an invaluable resource as they grow and scale their business. Together, father and son, Walt and Scott McGill, lead Happy Sands Home Solutions LLC, a full service real estate solutions company specializing in buying, renovating and selling distressed property. Walt, the president of Happy Sands Home Solutions, boasts 36